Punter can whinge about rampers all he likes but I don't consider myself in that category, so it's water off a duck's back.
The keen NAG holders on here let hope get ahead of reality. Hope is a very uplifting emotion, but in the cold hard light of day, especially with regards to exploration/mining and other problem plagued activities, it's easy to forget that luck and perseverance play their part.
Hitting a mother lode on first test drill was unlikely to happen, but we hoped it would. What are the odds of high grades first time? Long odds, even working off IP that looked good. The company has learned something, so next time they may be more productive and successful.
So the traders and those wanting a quick result have sold off. GL to them. Apparently, to them, no commercial grades first time probably means no commercial grades ever. What a call. I'm not that pessimistic.
I am happy to wait for further developments.
Nanu
NAG Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
